No Diwali Holidays for Indian ePayments

-



          India will be celebrating the festival of lights, ‘Diwali’. Diwali is a grand celebration and each region has its own unique way of celebrating Diwali.

          eCommerce sites are expecting record sales during Diwali season. The mood is same at physical stores also.

          The whole country looks forward to Diwali.

          However, the country’s ePayments systems i.e RTGS/NEFT is open. No holidays have been declared on either on 10th November, 11th November or 12th November.
          So go ahead and execute eTransactions


         

Comments

Post a Comment

Popular posts from this blog

RBI’s Continuous Cheque Clearing: From Days to Hours Starting October 4, 2025. Indian Banking’s Biggest Cheque Overhaul in Decades

-
Image
In one of the biggest operational shifts in Indian banking history , the Reserve Bank of India is about to make cheques move almost as fast as digital payments. Starting October 4, 2025 , the Cheque Truncation System (CTS) will move from slow, batch-based processing to continuous clearing with settlement on realisation — a transformation that will slash cheque clearance times from days to hours. For millions of individuals and businesses still relying on cheques for high-value transactions, this could mean same-day access to funds and a level of speed previously reserved for UPI, IMPS, and NEFT . This isn’t just an upgrade to the back office — it’s a game-changer for trust, liquidity, and cash flow in the Indian banking system.   RBI to Roll Out Continuous Cheque Clearing from October 4, 2025 — Faster Credit, Same-Day Settlements The Reserve Bank of India (RBI) is set to modernise the Cheque Truncation System (CTS) by moving from batch-based cheque proces...
Read more

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the ...
Read more

Account Description Does Not Tally – Return Reason Removed

-
Image
          NPCI vide circular No 177, dated July 28 th , 2016, informed the Banking community that the APB Return Code NO 3 – Account Description does not tally is removed from the valid return reasons.            As the participants have to make necessary changes in their Software, the effective date of this circular is September 1 st , 2016.           It may be noted that the ‘Beneficiary Name’, is an Optional field and the Sponsor Bank may choose NOT to incorporate the Beneficiary Name in the input field.                NPCI has observed that few banks are mapping the return records of ‘Aadhaar not mapped to the account number’, to ‘Account Description Does Not Tally’. This was leading to unnecessary confusion and customer complaints.      ...
Read more